SIREN : 479049595
ETF SERVICES is a French company founded 21 years ago, specialized in the sector Transports ferroviaires de fret . Based in BEAUCHAMP (95250), this company of category GE shows in 2024 a revenue of 40.7 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
Data updated on 2026-05-09
Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy
| Indicator | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 40 652 256 € | 33 014 523 € | 23 975 294 € | 24 323 125 € | 24 556 865 € | 24 035 861 € | 21 872 706 € | 18 804 198 € | 21 067 309 € |
| Net income | 2 146 966 € | 1 372 937 € | 792 844 € | 944 969 € | -1 655 582 € | -2 112 541 € | 1 282 487 € | 603 723 € | -11 749 912 € |
| EBITDA | 3 764 477 € | 4 141 438 € | 3 124 682 € | 1 970 133 € | 504 012 € | -852 125 € | -1 312 666 € | -3 823 095 € | -6 014 959 € |
| Net margin | 5.3% | 4.2% | 3.3% | 3.9% | -6.7% | -8.8% | 5.9% | 3.2% | -55.8% |
In 2024, ETF SERVICES achieves revenue of 40.7 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +8.6%. Vs 2023, growth of +23% (33.0 M€ -> 40.7 M€). After deducting consumption (1.4 M€), gross margin stands at 39.3 M€, i.e. a rate of 97%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 3.8 M€, representing 9.3% of revenue. Warning negative scissor effect: despite revenue change (+23%), EBITDA varies by -9%, reducing margin by 3.3 pts. This reflects costs rising faster than revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 2.1 M€, i.e. 5.3% of revenue. This profit can be retained or distributed to shareholders.
40 652 256 €
39 271 732 €
3 764 477 €
2 361 029 €
2 146 966 €
9.3%
The debt ratio (= Financial debt / Equity x 100) stands at 44%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 17%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.6 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 5.1% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.
44.271%
17.317%
5.082%
0.631
In 2024, the debt ratio of ETF SERVICES (44.27) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.
In 2024, the financial autonomy of ETF SERVICES (17.3%) ranks above the median of the sector. This ratio represents the share of equity in total financing. This comfortable position offers an appreciable safety margin.
In 2024, the repayment capacity of ETF SERVICES (0.63) ranks above the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A reduction effort could improve financial strength.
The liquidity ratio (= Current assets / Current liabilities) stands at 196.29. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months. The interest coverage ratio (= EBIT / Interest expenses) is 0.4x. Danger: operating income does not cover interest charges, unsustainable situation.
196.29
0.39
In 2024, the liquidity ratio of ETF SERVICES (196.29) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.
In 2024, the interest coverage of ETF SERVICES (0.4x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.
Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 119 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 112 days. The company must finance 7 days of gap between collections and payments. Overall, WCR represents 100 days of revenue, i.e. 11.3 M€ to permanently finance. Over 2016-2024, WCR increased by +98%, requiring additional financing.
11 289 945 €
119 j
112 j
0 j
100 j
Based on 98 transactions of similar company sales
in 2024,
the value of ETF SERVICES is estimated at
5 964 988 €
(range 2 756 479€ - 16 073 413€).
With an EBITDA of 3 764 477€, the sector multiple of 1.0x is applied.
The price/revenue ratio is 0.23x
(conservative valuation).
This multiples method compares the actual sale price of similar companies to their financial indicators (Revenue, EBITDA, Net Income). It provides a market-based indicative estimate.
Medium reliability: estimate to be confirmed with in-depth analysis.
Ajustez les pondérations selon votre analyse
This estimate is based on the analysis of 98 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare ETF SERVICES with other companies in the same sector:
Voir toutes les statistiques du secteur Transports ferroviaires de fret
The revenue of ETF SERVICES in 2024 is 40.7 M€.
Yes, ETF SERVICES generated a net profit of 2.1 M€ in 2024.
The headquarters of ETF SERVICES is located in BEAUCHAMP (95250), in the department Val-d'Oise.
The tax return of ETF SERVICES is available on this page. Click on a year in the 'Data by year' section to view the account details (assets, liabilities, income statement). Data comes from INPI (National Institute of Industrial Property).
ETF SERVICES operates in the sector Transports ferroviaires de fret (NAF code 49.20Z). See the 'Sector positioning' section above to compare the company with its competitors.